On Friday, 23 January at 14:00 the Central Bank of Iceland will conduct an auction on three series of Treasury notes. The maximum total amount offered in this auction will be 10,000 m.kr. nominal value in the series RIKB 10 0317 and total 10,000 m.kr. nominal value in the series RIKB 13 0517 and RIKB 19 0226. The Central Bank reserves the right to accept all of the submitted bids, part of them or reject all of them. Only primary dealers in Treasury securities are authorised to submit bids in this auction. They also submit bids on behalf of investors. The minimum amount of each bid is 1 m.kr. nominal value. The auction will be structured as a Dutch auction, which means that all accepted bids will be offered to primary dealers at the same price. The lowest accepted price will determine the selling price. In other respects, reference is made to the Terms of Invitation to Tender, which accompany this press release. The payment and settlement date is Wednesday, January 28, 2009. For this auction, the Central Bank requests bids for the following series: Series RIKB 10 1210 RIKB 13 0517 RIKB 19 0226 Maturity date Dec. 12, 2010 May 17,2013 Feb. 26,2019 Outstanding amount 12,514 m.kr. 30,000 m.kr. 37,783 m.kr. Time to maturity 1,9 years 4,3 years 10 years After the results of the auction are available, the Central Bank will offer primary dealers the equivalent of 10% of the nominal value sold in the auction, at the price of accepted bids, until 14:00 on Tuesday, January 27. Each primary dealer that has submitted an accepted bid in the auction has the right to purchase an amount proportional to its total purchase. The payment and settlement date for these transactions is January 28, 2009. Further information can be obtained from Bjorgvin Sighvatsson, International and Market Department, Central Bank of Iceland, at +354 569 9633.
Auction of Treasury Notes RIKB 10 0317, RIKB 13 0517 & RIKB 19 0226
| Source: Ríkissjóður Íslands - Lánamál ríkisins